For Sale
$1,050,000

3200 159Th St Markham, IL 60428

High-traffic, fully occupied shopping center.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a fully occupied, 5,066 square foot neighborhood shopping center located at 3200 W 159th St, Markham, IL 60428. The property, situated on a hard corner with high visibility at the intersection of Kedzie Avenue and 159th Street, boasts a daily traffic count of 28,244 vehicles. The single-story building, renovated in 2009, features a diverse tenancy including a currency exchange, Metro T-Mobile, JR Tobacco, and GoCredit. Ample parking is available for 40 vehicles, further enhancing the property's appeal. The prominent pedestal signage ensures excellent visibility for tenants. The property sits on a substantial 36,149 square foot lot and is zoned C-1 for neighborhood shopping, aligning perfectly with its current use. The asking price is $1,050,000, translating to $207.26 per square foot. The property's strong tenant mix, high occupancy rate (100%), and strategic location near the I-57 interchange make it an attractive investment. Nearby retailers include Subway, Dunkin', Dollar Tree, AutoZone, and various restaurants. The 2023 property taxes totaled $39,527.45. This is a rare opportunity to acquire a well-established, high-performing retail center in a thriving south suburban Cook County community.

Highlights

  • Fully occupied 5,066 SF neighborhood shopping center with tenants including a currency exchange, Metro T-Mobile, GoCredit, and JR Tobacco.
  • 36,149 SF lot.
  • High-traffic corner location at Kedzie Avenue and 159th Street with 28,244 vehicles daily.
  • C-1 zoning for neighborhood shopping; 2023 property taxes: $39,527.45.

Property Details for 3200 159Th St

Property type
Lifestyle centers, Power centers
Square Feet
5,066 SF
Stories
1

Location Insight

City
Markham
County
Cook
State
Illinois
Latitude
41.600989211146
Longitude
-87.695222224504
3200 159Th St, Markham, Illinois

FAQs

What type of property is this?
Lifestyle center - High-traffic, fully occupied shopping center.
Where is the lifestyle center located?
The property is located at 3200 159Th St Markham, IL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Fully occupied 5,066 SF neighborhood shopping center with tenants including a currency exchange, Metro T-Mobile, GoCredit, and JR Tobacco.; 36,149 SF lot.; High-traffic corner location at Kedzie Avenue and 159th Street with 28,244 vehicles daily.
How can I contact the broker?
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3200 159Th St
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